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High Yield, Highly Attractive?

Fast Money Portfolio
Fast Money Portfolio

If you’re looking to put money to work, Jim Keenan of BlackRock thinks you can’t do much better than high yield.

In case you’re not familiar with high yield bonds, they are bonds with a lower credit rating than investment-grade bonds. Because of the higher risk of default, these bonds pay a higher yield.

Keenan, however, thinks the risk is manageable. He thinks with corporate profits looking strong and the US economy showing signs of strength, high yield is an attractive place to play.

Although Keenan didn’t mentioned any specific investment, one of many ideas that would meet the criteria is the HYG.

Intrigued? Get all the details. Watch the video now!




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Trader disclosure: On Apr 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Anthony Scaramucci is long BAC; Anthony Scaramucci is long C; Anthony Scaramucci is long JPM; Anthony Scaramucci is long IBM; Anthony Scaramucci is long SBUX; Anthony Scaramucci is long AMZN; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long AGU; Guy Adami is long BTC; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long AKS CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long WNR CALL SPREADS; Jon Najarian is long JOY CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long GDXJ CALL SPREADS; Jon Najarian is long FCX CALL SPREADS; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long CME; Tim Seymour is long BAC; Tim Seymour is long CSCO; Tim Seymour is long GMCR; Tim Seymour is long FCX; Tim Seymour is long GFI; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long SPY

For Kevin McVeigh
Macquarie Group Limited together with its affiliates, beneficially owns 1% or more of a class of common equity securities of V

For Paul Newsome
Sandler O'Neill expects to receive or intends to seek compensation from EMC Insurance Group Inc. for investment banking services in the next three months.
As of the date of this report, Sandler O'Neill currently acts as a market maker in the securities of EMC Insurance Group Inc..
Sandler O'Neill has received compensation from EMC Insurance Group Inc. for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report.

For Dennis Gartman
Dennis Gartman is long DSX
Dennis Gartman is long LMG
Dennis Gartman is long FRO
Dennis Gartman is long GOLD
Dennis Gartman is short S&P FUTURES
Dennis Gartman is short YEN

CNBC.com with wires.

Symbol
Price
 
Change
%Change
HYG
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